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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: bazan who wrote (2650)	3/8/1998 11:05:00 AM
From: stan s.	Read Replies (1) of 7054

Miguel, following you'll find 3 charts. Because of my addiction to Candlesticks (combined with my general laziness) I was hoping to get by yesterday with supplying only 1 chart. Didn't work. The trendline was sloppily displayed. I think these are pretty clear. Keep in mind that I don't use highs and lows per se for my personal charting. I explained that in the early stages of my thread...Charts and TA...(basically since discontinued because of my travel schedule). In these following examples I did use open and closes in chart #9 in one of the two trendlines. The other example in #9 are closes. Chart 10 is a rehash of the Candlesticks...to those lurking..remember the fat bodied reds closed at the BOTTOM of the real bodies (not the wicks) while the open bodied greens closed at the top of the real bodies...again not the wicks. The wicks or shadows are the days highs and lows. The line chart #8 I think, probably shows the beginnings of the trend break the most clearly. As I alluded to yesterday, notice the price being forced into the corner of the triangle where the trendline and support meet, something has to give...it'll either break support and continue down or hold at support or higher (as it seems to be doing) and the trend will automatically be broken. To anybody looking in....as I stated yesterday, the most important part of this saga are the allegations against the company..not the TA. geocities.com geocities.com geocities.com Good luck, Stan Following are some "canned" comments on trendlines. TRENDLINES Overview One of the basic tenets put forth by Charles Dow in the Dow Theory is that security prices do trend. Trends are often measured and identified by "trendlines." A trendline is a sloping line that is drawn between two or more prominent points on a chart. Rising trends are defined by a trendline that is drawn between two or more troughs (low points) to identify price support. Falling trend-s are defined by trendlines that are drawn between two or more peaks (high points) to identify price resistance. Interpretation A principle of technical analysis is that once a trend has been formed (two or more peaks/troughs have touched the trendline and reversed direction) it will remain intact until broken. That sounds much more simplistic than it is! The goal is to analyze the current trend using trendlines and then either invest with the current trend until the trendline is broken, or wait for the trendline to be broken and then invest with the new (opposite) trend. One benefit of trendlines is they help distinguish emotional decisions ("I think it's time to sell...") from analytical decisions ("I will hold until the current rising trendline is broken"). Another benefit of trendlines is that they almost always keep you on the "right" side of the market. When using trendlines, it's difficult to hold a security for very long when prices are falling just as it's hard to be short when prices are rising--either way the trendline will be broken.

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